MCA vide Notification No. S.O. 1833(E) on Monday, 7th May, 2018 have appointed 07th May, 2018 as the date on which the provisions of the following sections of the Companies (Amendment) Act, 2017 shall come into force:
| Sr. No | Section of Companies (Amendment) Act, 2017 | Section of Companies Act, 2013 | Section pertains to | ||
| 1. | Clause (i) and
clause (xiii) of Section 2 |
Clause (6) of Section 2
Clause (57) of Section 2 |
Definition of “associate company”
Definition of “net worth” |
||
| 2. | Section 8 | Section 26 |
Matters to be stated in prospectus |
||
| 3. | Section 13 | Section 54 | Issue of Sweat Equity Shares | ||
| 4. | Section 18 and 19 | Section 77 and
Section 78 |
Duty to Register Charges
Application for Registration of Charge |
||
| 5. | Clauses (i) and (ii) of section 21 | Sub-section (6) and (7) of Section 89 |
Declaration in Respect of Beneficial Interest in any Share |
||
| 6. | Clauses (iii) and (iv) of section 23 | Sub-section (4) and (5) of Section 92 | Annual Return | ||
| 7. | Sections 30 and 31 | Section 117 and
Section 121 |
Resolutions and Agreements to be Filed
Report on Annual General Meeting |
||
| 8. | Section 33 | Section 129 | Financial Statement | ||
| 9. | Section 39 and 40 | Section 137 and
Section 139 |
Copy of Financial Statements to be Filed with Registrar
Appointment of Auditors |
||
| 10. | Section 46 | Section 149 | Company to have Board of Directors | ||
| 11. | Section 49 | Section 157 | Company to Inform Director Identification Number to Registrar | ||
| 12. | Section 52 | Section 164 | Disqualification for Appointment of Directors | ||
| 13. | Section 54 to 58 (both inclusive) | Section 167
Section 168 Section 173 Section 177 Section 178 |
Vacation of Office of Director
Resignation of Director Meeting of Board Audit Committee Nomination and Remuneration Committee and Stakeholders Relationship Committee |
||
| 14. | Sections 61 and 62 | Section 185 and
Section 186 |
Loan to Directors, etc.
Loan and Investment by Company |
||
| 15. | First proviso to clause (i) of Section 80 and clause (ii) of Section 80 | Sub-section (1) and
Sub-section (2) of Section 403 |
Fee for Filing, etc. | ||
| 16. | Section 83 | Section 410 | Constitution of Appellate Tribunal | ||
| 17. | Section 86 to 89(both inclusive) | Section 435
Section 438
Section 439 Section 440 |
Establishments of Special Courts
Application of Code to Proceedings Before Special Court Offences to be Non-cognizable Transistional Provisions
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The said Notification can be accessed from the following link:MCANotf.dt.7.5.18_Notified Sections of Co.(Ammend.)Act, 2017